UPS - United Parcel Service, Inc.
106.75 -0.01 (-0.01%)
After hours: 6:36PM EST
| Previous Close | 106.42 |
| Open | 106.98 |
| Bid | 106.76 x 800 |
| Ask | 106.77 x 1300 |
| Day's Range | 105.95 - 106.98 |
| 52 Week Range | 92.65 - 125.31 |
| Volume | 2,615,337 |
| Avg. Volume | 3,126,904 |
| Market Cap | 91.467B |
| Beta (5Y Monthly) | 1.21 |
| PE Ratio (TTM) | 20.89 |
| EPS (TTM) | 5.11 |
| Earnings Date | Apr 22, 2020 - Apr 26, 2020 |
| Forward Dividend & Yield | 3.84 (3.62%) |
| Ex-Dividend Date | Feb 23, 2020 |
| 1y Target Est | 121.91 |
- American City Business Journals
Exclusive: Inside FiscalNote's turbulent 2019 and its CEO's plans for 2020
FiscalNote continues to have a strong product line, but it faced some financial struggles in 2019, according to several sources familiar with the company. Here's what its founder and CEO says is next for the D.C. startup.
- Simply Wall St.
Interested In United Parcel Service, Inc. (NYSE:UPS)’s Upcoming 0.9% Dividend? You Have 4 Days Left
Readers hoping to buy United Parcel Service, Inc. (NYSE:UPS) for its dividend will need to make their move shortly, as...
- Simply Wall St.
Here's What United Parcel Service, Inc.'s (NYSE:UPS) P/E Is Telling Us
This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios...
- Zacks
UPS Rewards Shareholders With Dividend Increase of 5.2%
UPS' 5.2% quarterly dividend hike bears testimony to its financial strength.
- Bloomberg
Amazon Axes Delivery Partners in U.S.; Hundreds of Jobs Cut
(Bloomberg) -- Amazon.com Inc. is severing ties with small delivery firms around the country -- putting at least 1,300 drivers out of work -- in an effort to eliminate partners that aren’t meeting its standards.Bear Down Logistics, an Illinois company that rapidly expanded over the past two years, is shuttering operations in five states and letting go of about 400 drivers. Delivery Force, an Amazon delivery partner in Washington state, is cutting 272 drivers in Seattle and other cities. Kansas-based RCX Logistics, an Amazon delivery partner with operations in Texas, Alabama and Florida, will eliminate the jobs of more than 600 employees after losing its Amazon contract. Around the country, logistics firms are notifying state officials about facility closures and job cuts, signs that Amazon is culling the herd.The action underscores the challenges of outsourcing deliveries to new, untested companies instead of traditional partners such as United Parcel Service Inc. and FedEx Corp. It also serves as a warning to Amazon delivery partners that the company is an exacting client willing to cut them off.Bear Down Logistics notified Ohio, Virginia, Minnesota and Illinois that it would close facilities in those states in April, resulting in the loss of almost 280 jobs. Another Bear Down facility near Grand Rapids, Michigan, will also close in April, according to documents reviewed by Bloomberg. About 120 drivers work at the Michigan facility, said a person familiar with the matter who spoke on condition of anonymity due to company policies about speaking with the media. The company also has Amazon delivery operations in Wisconsin, the status of which was not immediately clear.“We have a responsibility to our customers and the communities where we operate to ensure these partners meet our high standards for things like safety and working conditions,” an Amazon spokeswoman said in an email. “Occasionally we need to end a relationship with a partner and when this happens we are committed to helping the impacted employees find opportunities with other delivery service partners or to learn more about the thousands of available roles at Amazon delivery stations and fulfillment centers.”Bear Down Logistics, Delivery Force and RCX Logistics didn’t immediately respond to requests for comment.Amazon in 2018 launched a program encouraging aspiring entrepreneurs to lease vans, hire drivers and build their own businesses delivering packages to its customers. More than 800 such businesses have sprouted around the country with 75,000 drivers, helping Amazon increase delivery capacity. Amazon also has greater negotiating leverage over each small operator than it does with larger delivery partners like UPS, FedEx and the U.S. Postal Service.Drivers working for Amazon delivery partners typically earn less than their counterparts working at larger delivery companies like UPS, which helps Amazon lower costs. One driver working for Bear Down Logistics in Michigan said he earned about $15 an hour delivering Amazon packages, while UPS paid seasonal drivers doing the same work in that area about $20 an hour.A big challenge for Amazon is balancing safety with its efforts to deliver things quickly at the lowest possible cost. ProPublica in December revealed internal Amazon documents showing it prioritized speed over safety in its delivery network, which followed other investigations exposing the injuries and deaths that accompanied Amazon’s quick expansion of its delivery program.The Bear Down experience also shows how hard it is to make a go of such businesses. When Amazon courted entrepreneurs, it touted the prospects of earning $300,000 a year with as little as $10,000 in up front costs, significantly less than most franchise businesses that can cost more than $100,000 to launch.(Updated with job cuts in Florida, Texas and Alabama in the second paragraph.)To contact the reporters on this story: Spencer Soper in Seattle at ssoper@bloomberg.net;Matt Day in Seattle at mday63@bloomberg.netTo contact the editors responsible for this story: Robin Ajello at rajello@bloomberg.net, Andrew PollackFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- American City Business Journals
UPS, local nonprofit team up to fight coronavirus outbreak
A shipment of medical supplies is on the ground in Shanghai, China, to help stem the coronavirus outbreak.
- GlobeNewswire
UPS Board Increases Quarterly Dividend
ATLANTA, Feb. 13, 2020 -- The UPS (NYSE: UPS) Board of Directors today increased its regular quarterly dividend to $1.01 per share on all outstanding Class A and Class B.
- Zacks
Prospects Appear Gloomy for Air Freight & Cargo Stocks
Prospects Appear Gloomy for Air Freight & Cargo Stocks
- American City Business Journals
Amazon confirms expansion at Bremerton National Airport
A Delaware company has acquired a 31.5-acre property next to the airport on which it's building a $9.2 million delivery and distribution facility with parking for 952 delivery vans.
- MarketWatch
Baby Yoda, ‘OK boomer’ and ‘Megxit’ have been added to Dictionary.com’s slang dictionary
Just when you thought 2019 was over, some of the year’s most popular phrases have been added to Dictionary.com’s slang dictionary. The digital dictionary updated its archives on Wednesday to include 20 new slang terms from the past year or two, including “OK, boomer,” “Megxit” and Baby Yoda. John Kelly, the senior research editor at Dictionary.com, told MarketWatch that the buzzworthy words and phrases were selected by analyzing the site’s search data, monitoring trends on social media, as well as tracking themes seen within pop culture at large.
- American City Business Journals
CDC preps for coronavirus to 'take a foothold' in U.S.; seeks passenger data from airlines
The Centers for Disease Control and Prevention is preparing for the new coronavirus to “take a foothold in the U.S." and is now requiring airlines to assist in some data collection of passengers.
- Zacks
UPS Strikes Deal With Pilots Union for Contract Extension
The tentative deal between UPS and Pilots Union for a 2-year contract extension includes retirement enhancements and annual wage raises.
- Investopedia
FedEx Reaches Key Resistance After Analyst Upgrade
FedEx shares move higher after UBS upgraded the stock to Buy with a $187 price target, citing efforts to improve the B2C cost structure.
- American City Business Journals
UPS, pilot’s union contract heading to a vote
Though details are limited, the tentative contract would mean wage and retirement increases.
- MarketWatch
UPS, pilots union reach a 'tentative' deal on 2-yr extension
United Parcel Service Inc.'s pilots union, the Independent Pilots Association (IPA), said Monday that a "tentative agreement" has been reached with the package delivery company on a two-year contract extension. The IPA said the agreement, which was unanimously approved and endorsed by the IPA's 5-member executive board, needs to be ratified by a majority of UPS's pilots. The pilots' vote will be completed by March 31. Details of the deal will not be disclosed until the IPA first presents the proposed contract to all UPS pilots. UPS's stock fell 1.2% in afternoon trading. It has tumbled 18% over the past three months, while the Dow Jones Transportation Average [: djt] has slipped 2.1% and the Dow Jones Industrial Average has gained 5.4%.
- GlobeNewswire
UPS, Pilots Union Reach Tentative Agreement On Labor Contract Extension
UPS (UPS) and the Independent Pilots Association, the union that represents the company’s 2,959 flight crewmembers, have reached a tentative agreement on a two-year contract extension. “Our pilots do a great job flying for our customers, so we’re pleased to have come to an agreement with IPA leaders to extend the existing contract,” said UPS Airlines President Brendan Canavan. Key components of the tentative agreement include annual wage increases and pension enhancements.
- Barrons.com
FedEx Stock Is Rallying for a Second Day. Here’s What’s Behind It.
FedEx stock rises again Monday as analysts debate the significance of the Ground business change announced Friday
- Barrons.com
What the Post Office’s Earnings Mean for FedEx and UPS
The post office reported another quarterly loss Thursday evening. Persistent accounting losses is one reason change might come to the USPS. Change that can impact publicly traded logistics peers including FedEx and UPS.
- MarketWatch
FedEx's stock swings to sharp gains, after Express pairs with Ground for residential deliveries
Shares of FedEx Corp. surged 3.6% in afternoon trading Friday, swinging from an earlier loss of as much as 1.5%, after the package delivery company said that beginning in March, FedEx's Express business will contract with its Ground business for select, "day-definite" residential deliveries. The move is aimed at increasing efficiencies and lower costs of residential deliveries, as it will reduce the number of delivery vehicles in residential neighborhoods, as e-commerce continues to grow at an "explosive" rate. "This move makes residential deliveries more efficient by putting the right package in the right network at the right cost to serve our customers," said Chief Operating Officer Raj Subramaniam. Last month, e-commerce giant Amazon.com Inc. told its third-party merchants they can resume use of FedEx's Ground network, about a month after banning its use given the failure to meet on-time delivery standards. FedEx's stock has lost 15.1% over the past 12 months while shares of rival United Parcel Service Inc. have slipped 3.1% and Amazon's stock has run up 28.7%. In comparison, the Dow Jones Transportation Average has gained 6.3% the past year and the Dow Jones Industrial Average has advanced 15.6%.
- GlobeNewswire
UPS Strengthens Its Air Network In Mexico
UPS (UPS) has announced a new flight for export shipments out of Querétaro. The investment in UPS’s smart global logistics network allows Mexican businesses more opportunity to take advantage of the USMCA to export their products to the United States and Canada. “The new air route will help drive the growth and export opportunities for businesses of all sizes in the state of Querétaro," commented Michael Cuesta, UPS Mexico director of marketing.
- Benzinga
Air Cargo Carriers Implement Coronavirus Protections
The ability to move goods in and out of China by air could hinge on the willingness of freighter aircraft pilots to fly into key industrial cities where the coronavirus is prevalent. All-cargo carriers are filling some of the lost capacity associated with the pull down of most international passenger flights to China, and are taking protective measures to alleviate concerns of jittery crews. On Wednesday, the union representing UPS Inc (NYSE: UPS) pilots said it had reached an agreement with the company giving members the ability to voluntarily decide whether to accept flights in and out of China.
- InvestorPlace
3 Beaten-Down Stocks to Sell Now
Coronavirus fears are fading, and stocks have officially returned to record highs. The Nasdaq Composite led the recovery, but the S&P 500 has now joined its tech-heavy brother by eclipsing January's peak. But bears still hold the upper hand in certain companies. These laggards are locked in downtrends, which makes them all attractive stocks to sell into the strength.Two of the weakest spots right now are metals and energy. I use the SPDR S&P Metals and Mining (NYSEARCA:XME), and the Energy Select Sector SPDR (NYSEARCA:XLE) to track both areas. Unlike, say, the industrial sector, which only fell a couple percent from its peak during the recent market misstep, XME and XLE were demolished.The former fell 16.7% from its December high, and the latter dropped 15.8%. Support levels were smashed and now loom large as potential resistance zones. And that has me eyeing which stocks in each fund are worth shorting.InvestorPlace - Stock Market News, Stock Advice & Trading TipsHere are three of the most vulnerable. Stocks to Sell: Alcoa (AA)Source: The thinkorswim® platform from TD Ameritrade To say Alcoa (NYSE:AA) has been decimated would be an understatement. AA stock has fallen 89% from its highs, and with the latest downturn now sits below its 2009 low. It's as if the 11-year bull market in stocks never happened. In 2016 Alcoa shares saw a one-for-three reverse split, which boosted its share price. Unfortunately, the fundamentals have deteriorated, plunging AA back into the abyss.We're now going on four consecutive earnings announcements with negative earnings per share. The distribution following January's report was relentless, with Alcoa stock falling 11 days in a row. An oversold bounce finally emerged, and AA has rallied for three days straight and is gapping higher this morning. * 7 Utility Stocks to Buy That Offer Juicy Dividends This creates a lower-risk entry for bears looking to game the downtrend.The Trade: Once AA breaks a previous day's low, buy April $17 puts or the April $17/$14 put spread. Exxon Mobil (XOM)Source: The thinkorswim® platform from TD Ameritrade Energy stocks have been abandoned in favor of the tech sector and other industries offering better growth potential. Plunging oil prices certainly haven't helped matters. The latest downturn in companies like Exxon Mobil (NYSE:XOM) has been particularly steep.The oil giant now is probing its lowest levels since 2010. The price reduction is so extreme that Exxon's dividend yield has risen to a juicy 5.8%. With its long history of failed rallies, it's hard to see how yesterday's bounce will prove anything more than a selling opportunity. The 20-day, 50-day and 200-day moving averages are all cruising lower, and a major old support zone stands atop the stock near $66 and should prove formidable resistance. * 7 Large-Cap Stocks to Buy For Insulation From Volatility And that's if we even get there. Buyers' resolve is being tested as energy continues to move into the red. Consider using a break of a prior day's low as your trigger. Option premiums are expensive, so I prefer spreads over buying puts outright.The Trade: Buy the April $62.50/$57.50 put spread. United Parcel Service (UPS)Source: The thinkorswim® platform from TD Ameritrade United Parcel Services (NYSE:UPS) rounds out our trio of stocks to sell with a clear bear retracement pattern. While it hasn't suffered as dramatic a downturn as its predecessors in recent years, last month's post-earnings whack was massive. The major support break and volume surge have me betting rallies will be short-lived.The selling pressure is simply too intense.I think yesterday's ramp offers a chance to deploy bearish trades. Implied volatility is high enough to make bear call spreads interesting. They offer a higher probability of profit than buying puts or shorting the stock, so we can profit even if UPS stock treads water for a few weeks.The Trade: Sell the March $110/$115 bear call spread for around 70 cents.As of this writing, Tyler Craig held bearish positions in UPS. For a free trial to the best trading community on the planet and Tyler's current home, click here! More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Utility Stocks to Buy That Offer Juicy Dividends * 10 Gold and Silver Stocks to Profit Off 2020's Fear Trade * 3 Top Companies That Should Be More Careful With Your Data The post 3 Beaten-Down Stocks to Sell Now appeared first on InvestorPlace.
- Benzinga
UPS And Amazon: Made For Each Other?
Like most mega-companies, UPS Inc. (NYSE: UPS) is loath to publicly discuss customers or its relationships with them. UPS said parcels tendered by Amazon.com Inc. (NASDAQ: AMZN) accounted for 11.6% of its 2019 revenue, which works out to about $8.6 billion from a base of $74 billion. UPS lauded Amazon for tendering the type of parcels needed to boost U.S. next-day air volumes, which grew by 26% in the holiday-fueled fourth quarter and have grown by more than 20% in each of the past three quarters.
- Zacks
The Zacks Analyst Blog Highlights: Netflix, Eli Lilly, United Parcel Service, Microsoft and Nike
The Zacks Analyst Blog Highlights: Netflix, Eli Lilly, United Parcel Service, Microsoft and Nike
- Business Wire
NOTICE TO UPS EMPLOYEES: KlaymanToskes Continues to Investigate on Behalf of UPS Employees Who Sustained Losses from Unsuitable Covered Call Writing Strategies
KlaymanToskes ("KT"), www.klaymantoskes.com, continues to investigate and pursue FINRA arbitration claims for current and former UPS (NYSE: UPS) employees for losses sustained from unsuitable covered call writing strategies. The investigation focuses on full-service brokerage firms’ sales practices for customers who acquired UPS stock through UPS’s Employee Stock Purchase Plan or Managers Incentive Program and were advised to implement a covered call strategy on their concentrated UPS stock position.
